secwatch.observer — SEC 8-K summary
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Issuer:     TETRA TECHNOLOGIES INC (TTI)
CIK:        0000844965
Form:       8-K
Filed at:   2024-05-17T23:59:59+00:00
Accession:  0000844965-24-000053
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TETRA Technologies upsizes ABL credit line to $100M, extends maturity to 2029
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- Revolver commitments increased from $80M to $100M; accordion feature allows up to $25M additional.
- Maturity extended from May 31, 2025 to May 13, 2029.
- Bank of America replaces JPMorgan as administrative agent and swingline lender.
- UK borrowing base component reduced to $0 until TETRA elects to reinstate with conditions.
- No amounts drawn and outstanding as of the amendment date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/844965/000084496524000053/0000844965-24-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/844965/000084496524000053/tti-20240513.htm
  HTML page:      https://secwatch.observer/filing/0000844965-24-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer